This new LNG business required very large investments—eventually billions of dollars—to find and develop and pump the gas; to construct the plants that, at one end, would liquefy the gas and, at the other, regasify it; and to build the specially constructed tanker ships that would ply the thousands of miles of ocean in between. Given the amount of money, participants in the market required confidence about the long term. Thus a highly interconnected business model developed, in which the various partners would coinvest up and down the supply chain and gain predictability via twenty-year
...more